3 Travel Stocks to Buy in July
The first half of 2020 was a momentous time for the travel and leisure industry -- but not in a good way.
Obviously, this industry has been hit hard by the COVID-19 pandemic, leaving many companies with basically zero revenue for the first time in their corporate lives. In order to stave off bankruptcy, many in the travel and leisure industry have issued new high-priced debt, low-priced stock, or both, buying themselves time before the industry returns to health. With many "stay-at-home" stocks booming, the travel industry is still in the doldrums, with the stocks of many leading players far below their pre-pandemic highs.
That means these stocks could bounce back in a big way should travel and leisure activity return to some semblance of normal. This could either happen slowly, or more rapidly with the development of an effective COVID-19 vaccine or cure.
Source Fool.com
